Darden Restaurants‘ “stellar quarter” of strong sales growth is one of the signs that the U.S. economy is far from a recession, CNBC’s Jim Cramer said Monday. Cramer praised CEO Gene Lee, saying he “has a terrific grasp of what’s going on in the restaurant industry” to bring more guests into its thousands of its
The bond market doubled down on scary warnings Monday, signaling both a possible recession is looming and that the Fed could have to cut interest rates this year to stop it. “People are starting to get fearful,” said Andrew Brenner of National Alliance. “It won’t last for long, but they’re getting fearful about a recession.
Major U.S. indices are down slightly on Monday, as investors still mull over the development of a potential slowing global economy. That’s left some stocks to do well on the day and others to drag their feet. Let’s look at our top stock trades for Tuesday. Top Stock Trades for Tomorrow #1: Apple Let’s look
Facebook (NASDAQ: FB) is one of the few social media stocks that technology investors should hold in their core portfolios. Still, diversification within this subsector offers a margin of safety, which means considering other stocks is also a good idea. Besides, after significant selling in Facebook stock since summer 2018 has sent the stock to
Apple unveiled its new Goldman Sachs-linked credit card, the Apple Card. Users can sign up through their iPhones and get access to the card in minutes, according to the tech giant’s Monday presentation. It pays 2 percent in cash back on Apple Pay transactions, 3 percent on purchases made directly through Apple, and 1 percent
Some investors may be freaked out over the recession signal being sent by bond market rates, but if history is a guide, there is still time to capture more gains in the stock market. The so-called ‘yield curve inversion’ where the yield, or interest rate, on shorter term Treasury instruments — in this case the
AutoZone (NYSE:AZO) just approved $1 billion more for buybacks of AutoZone stock. Over time, the auto- parts retailer has delivered positive returns for the owners of AZO stock through this strategy. However,these buybacks have strained the company’s balance sheet. Moreover, the attitudes of the young towards auto repairs, as well as changing technology, have created
Editor’s note: This column is part of our Best Stocks for 2019 contest. The Readers’ Choice pick for the contest is Amazon (NASDAQ:AMZN). All right, so Amazon hasn’t exactly been blazing any trails in the first quarter of 2019’s contest — it currently sits in fourth place, in fact. But take heart, because A. there are still three quarters
Certain stocks and sectors could see a boost now that the special counsel investigation is over, allowing an unfettered President Donald Trump to turn his focus back to policy-making, both against and, in some cases, with the Democrats, analysts said. Special counsel Robert Mueller’s 22-month long probe found no evidence of collusion with Russia in
Check out the companies making headlines before the bell: Biogen — The drugmaker announced a new $5 billion share repurchase program, in addition to the $1.7 billion remaining under a prior authorization. That follows the stock’s plunge last week, following the decision to end a late stage study of an Alzheimer’s treatment that did not
iQiyi (NASDAQ:IQ) has been problematic for me pretty much since its first offering, and watching the IQ stock roller coaster has been captivating. Source: Shutterstock In face, when I wrote about it last July, the headline was: Roller-Coaster iQiyi Stock Could Drop by 50% or More. It wasn’t anything in particular about Chinese streaming service
Cannabis stocks have gotten a lot of attention on Wall Street in the past year after a handful of popular Canadian growers started hitting the U.S. markets. U.S.-listed names like Canopy Growth Corp (NYSE: CGC), Tilray (NASDAQ: TLRY) and Aurora Cannabis (NYSE: ACB) get get most of the publicity. Source: Shutterstock However, OTC-traded stocks Curaleaf
U.S. stock futures are edging lower this morning as equities try to find their footing following Friday’s bloodbath. Last week’s plunge in long-term bond yields stoked economic slowdown fears. Small-caps, banks and transportation stocks led the decline. Against this backdrop, futures on the Dow Jones Industrial Average are down 0.13% and S&P 500 futures are
Walmart (NYSE:WMT) has been chasing and emulating Amazon for way too long, and it’s only a matter of time before it really begins to weigh on Walmart stock. Source: Shutterstock CEO Doug McMillon is Captain Ahab and Amazon.Com (NASDAQ:AMZN) is his Moby Dick. Since becoming CEO of the Arkansas-based retailing giant in 2014, McMillon has
Low-cost exchange-traded funds have been gaining popularity in the ETF world, but one new product is taking that trend to the next level. Rather than offering low or no fees, the Salt Low truBeta US Market ETF brands itself as a low-volatility fund that can do investors one better: it plans to actually pay them
Wall Street is scrambling to figure out what the conclusions of special counsel Robert Mueller‘s long-awaited investigation measn for the stock market. While many investment and equity strategists told CNBC that Attorney General William Barr’s letter about Mueller’s report relieves a persistent concern, few had expected a disastrous outcome for President Donald Trump. “No one
One of Wall Street’s biggest bulls suggests the latest market pullback is no fluke. Federated Investors’ Phil Orlando believes the 2019 rally is increasingly vulnerable to a setback that could reach into the second quarter. Yet, he contends it’s no reason for investors to hunker down. “You’re up about 20 percent from Christmas Eve’s bottom.
Wall Street traders and investors were preparing for a big rally after special counsel Robert Mueller‘s long-awaited investigation did not find enough evidence that President Donald Trump ‘s 2016 campaign colluded with Russia, according to Attorney General William Barr. Stock index futures open for trading at 6 p.m. ET. In a letter to top lawmakers,
Nick Colas asserts the rush of tech IPOs does not point to a market bubble, and he has data to help prove it. The DataTrek Research co-founder lists historical trends one of two reasons why a free fall is unlikely. “We haven’t had a lot of tech IPOs. There were just 52 last year. In
Some high-profile, privately held companies — including Uber, Lyft, Pinterest and Airbnb — are about to break into the public market by launching an initial public offering. So, what exactly is an IPO? An IPO is the process by which a private company issues its first shares of stock for public sale. This is also
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